Been watching these guys for a while now , deciding on whether to invest or not. I read a post a while back that stated something along the lines that if all of thier currently known assets could be converted at around 3% valuation of in ground value , that would equte to around $2.50 per share. I then watched the youtube of the AGM, where Chris said that they would need to dilute with a senior partner to get the other assets into production , and then said he would rather have 40% of something than 100% of nothing. Therefore in simple terms that equates to around $1.00 a share ATM.
Of course there are many upsides and downsides to come, and a lot of risk, so is 58 cps a good price? Another thing he mentioned re the sulphide roaster was that it needs a LOT of water. That comment needs serious consideration given that water in any quantity (let alone quality) is a major issue in that area. I would also like to know that if the sulphide roaster can also produce electricity, what fuel source is the roaster going to use - are they going to ship coal up the railway from somewhere?
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Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $72.94M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.5¢ | $24.05K | 115.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89323 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 341 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89323 | 0.210 |
3 | 27800 | 0.200 |
3 | 166580 | 0.190 |
1 | 20000 | 0.185 |
2 | 53800 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 341 | 1 |
0.220 | 11750 | 2 |
0.230 | 30000 | 1 |
0.240 | 153300 | 2 |
0.245 | 27000 | 2 |
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